Dan Frey Home Loans
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Comparison

Side-by-side payments and cash to close

Lowest monthly: Assumable Loan

Total monthly

Payment stack including taxes, insurance, and HOA

Cash to close

Down payment / equity bring-to

Detail
Assumable Loan
Assumable · FHA
Assumable Loan + Second
Assumable · FHA
Current Market Conventional
New · Conventional
Loan amount$197,566$197,566$269,100
Remaining term (yrs)26.526.530.0
Secondary amount$0$71,534$0
Funding fee$0$0$0
Note rate6.280%6.280%7.400%
Blended rate6.830%7.407%7.640%
1st payment$1,273.61$1,273.61$1,863.19
2nd payment$0.00$536.51$0.00
Taxes / mo$80.25$80.25$80.25
Insurance / mo$150.00$150.00$150.00
MI / mo$94.51$94.51$53.82
HOA / mo$0.00$0.00$0.00
Total monthly$1,598.37$2,134.87$2,147.26
Cash to close$101,434$29,900$29,900